I think I must be the only person that is happy when the RBA does not decrease rates.
I may not have a lot of savings, but having a higher rate paid in my savings account, gives me more to spend over the peak season.
Retailers Warn RBA’s Decision to Hold Rates Could Hit Peak Sales Season
OzyBe on 30/09/2025 - 17:46
Comments
Skipped the $2k phones, packed my lunch, paid the house off.
Skipped the $2k phones, packed my lunch, paid the house off.
The layman has a $2k phone on a Zippay plan, orders uber eats for lunch daily and upgrades to a bigger house when the secure a new role!
Cool. Cool, cool, cool.
I guess the manufacturers will just have to offer us better discounts then?
Isn't that kind of the point?
but having a higher rate paid in my savings account, gives me more to spend over the peak season.
Lol.
Could but won’t
but having a higher rate paid in my savings account, gives me more to spend over the peak season.
Inflation computer says no…..
Retailers are simply talking their book
but having a higher rate paid in my savings account, gives me more to spend over the peak season.
tax man says give me some
I'm happy as well. Lower rates really aren't helping the Aus economy, and in particular the issues with housing.
If you're at a point where lower interest rates make a significant difference to your life then you are doing something really wrong financially.
If only they included house prices in the inflation data, we would be at 10%+ each month on top of what we get now.
I think I must be the only person that is happy when the RBA does not decrease rates.
there are a lot of people 'happy' it depends on how much 'debt' you have
if you are leveraged to your eye balls like to many people it is 'bad news' if you are sitting on shit loads of cash in savings it is great news
personally think the cash rate should be a bit higher then it is now esp with inflation suprising to the upside but im not the expert
I'm unfazed and unsuprised about the decision today. The only people that are phased are the people that over-commited or people coming off sub 2% fixed rates up to ~5.5%pa. I work in mortgage repossessions- 80% of my work over the last couple of years have been new loans funded in 2020-2022, you'd be surprised how many chances we give people to catch up their loans and still stuff it up.
Inflation for Australia is going to be hotter than the rest of the OECD in the next ten years.
I would say there will be one more drop by November and the RBA can't do much more in the next medium term.
rates should be going up not down
the RBA kneels to media pressure
Shocking - people who would like you to spend your money at their store would like other people to cut your expenses so you have more money to spend.
So if people cannot afford to spend crazy amounts, the prices should drop?
What about the million dollar mortgage ?